AUDJPY - Big retracement coming
Updated
AUDJPY has been on an unstoppable bull run throughout June and Friday 16th daily candle closed with a bearish rejection of the monthly resistance of 97.615
I am anticipating a retest of the High (possibly in Mondays London Open) and a rejection, followed by a bearish move up to 190 pips to the daily Fair Value Gap (FVG).
My Target is 95.821
I am anticipating a retest of the High (possibly in Mondays London Open) and a rejection, followed by a bearish move up to 190 pips to the daily Fair Value Gap (FVG).
My Target is 95.821
Note
109 Pips so far, around 70 to goTrade closed: target reached
Expecting a reversal tomorrow and back at the high by FridayCongrats if you took it!
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